by Runaway Slave | Dec 13, 2011 | bailouts, Bubble, Education, Libertarian Curmudgeon
I have a college degree that I earned 40 years ago. I can honestly say it has never earned me a cent. Whatever the government pumps easy money into will eventually find itself in a price bubble. Housing is the most recent and most obvious bubble, but it’s not...
by Runaway Slave | Nov 18, 2009 | bailouts, capitalism, corporate state, Economics, Essays & Articles, fascism, Freemarket, Libertarian Curmudgeon, state capitalism
There have been many deeply mistaken ideas that enjoyed almost universal acceptance until reality overtook the illusion. Take for instance the once unquestioned truth that “Key West real estate never goes down.” The persistent and widely accepted falsehood I have in...
